Africa Investments 

African Development Bank publishes market study on demand for Adaptation Benefits in Africa

The African Development Bank, in partnership with professional services provider Ernst & Young and Perspectives Climate Group, has published a study on the demand for Certified Adaptation Benefits as a means of financing private sector adaptation projects in Africa. Certified Adaptation Benefits are generated by the Adaptation Benefits Mechanism (ABM), an innovative financial instrument that enables donors, consumers, and others… Read More
Africa Investments 

2021 Visa Openness Index calls for easier travel to propel Africa out of Covid-19 slump

Opening up Africa’s borders to travel will drive investment and an economic rebound, according to the authors of the 2021 Africa Visa Openness Index. Published yearly since 2016, the Index measures African countries’ openness to travellers from elsewhere on the continent. This year’s edition found that the onset of the Covid-19 pandemic substantially impacted free movement. “In this new era… Read More
Africa Investments 

We must act now to avert catastrophe says Nobel Laureate Esther Duflo

The poorest countries will bear the worst effects of climate change and the highest costs in terms of economic production and higher mortality, according to Nobel laureate Esther Duflo. The 2019 Economics Nobel Laureate and professor of economics at the Massachusetts Institute of Technology (MIT), delivered the keynote at the African Development Bank’s 2021 Kofi Annan Eminent Speaker Lecture Series.… Read More
Development Health Advice 

No return to normal without universal COVID jabs: General Assembly President

“Unless we can vaccinate the world, there is no way out of this. You see different types of variants coming out, and this is going to continue,” Abdulla Shahid told journalists in New York.   He said he would convene a high-level event in the General Assembly on 13 January with the goal of ensuring equitable access and delivery of vaccines… Read More
Africa Investments 

Technical education transforming rural towns and livelihoods in Kenya

Kemeloi, a rural township in Kenya’s North Rift region, is witnessing a social and economic transformation. Sallie Lukuyu, the Principal of Aldai Technical Training Institute (ATTI), says it started with the elevation of the once laid-back village polytechnic to a technical institute offering wide-ranging courses and admitting students from across the wider North Rift region. “We have opened up what… Read More
Development Health Advice 

COVID-19: Don’t underestimate Omicron, WHO chief warns

Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization, told reporters from WHO headquarters in Geneva that the variant was now present in 77 countries. Omicron is spreading at a rate we have not seen with any previous variant. We’re concerned that people are dismissing Omicron as mild”, he said. “Surely, we have learned by now that we underestimate this virus… Read More
Africa Investments 

South Sudan: A doctor recalls trauma and triumphs with Covid-19 patients

Dr. Abe Manase Lori is haunted by the memory of a 45-year-old patient who succumbed to Covid-19 at the beginning of the pandemic in South Sudan. “This was a time when we ran out of resources…It was unfortunate. We lost him,” said the 34-year-old doctor, who works at the Dr. John Garang Infectious Disease Unit in Juba, the country’s capital.… Read More
Africa Investments 

African Development Bank loans Nigeria $210 million for Special Agro-Industrial Processing Zones

A $210 million loan approved by the African Development Bank’s Board of Directors on Monday could impact the lives of millions of people in Africa’s most populous country. The loan will co-finance Phase 1 of the Nigeria Special Agro-Industrial Processing Zone Program. The program will help to unlock Nigeria’s agriculture sector potential. It will promote industrialization through the development of… Read More
Development Health Advice 

New platform for childhood cancer medicines counters ‘unacceptable imbalance’ in survival rates

The Global Platform for Access to Childhood Cancer Medicines, launched by the World Health Organization (WHO) and St. Jude Children’s Research Hospital in the United States, seeks to counter an “unacceptable imbalance” in survival rates.  It offers an innovative approach in cancer care by addressing medicine availability in low and middle-income countries, which WHO said is often complicated by higher… Read More
Africa Investments 

Sénégal : la Banque africaine de développement accorde un don d’un million de dollars à l’ONG Invest in Africa pour soutenir les PME

Le Groupe de la Banque africaine de développement et l’ONG Invest in Africa Sénégal ont signé, ce vendredi 10 décembre 2021, à Dakar, un accord de don du Fonds pour l’Afrique d’aide au secteur privé (FAPA), géré par la Banque et destiné à financer les petites et moyennes entreprises (PME). Cet accord est soutenu par une subvention du Japon dans… Read More
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